Markets Live, Thursday 2 September, 2021
Asian stocks look set for a steady open Thursday after large US technology shares climbed in a defensive tilt to the Wall Street rally. The US dollar slipped to about a three-week low.
Futures climbed in Japan and Hong Kong, but fell in Australia.
The tech-heavy Nasdaq 100 edged up to a record while the S&P 500 was little changed amid mixed data suggesting a slower labour market recovery. Google parent Alphabet Inc. dipped in extended trading on the risk of a second antitrust lawsuit. US equity contracts fluctuated.
Benchmark US 10-year Treasury yields retreated below 1.3 per cent.
Wall Street improved overnight. Credit:AP
Traders are awaiting key US jobs data Friday for more clues on the economic outlook and the likely timeline for a reduction in Federal Reserve pandemic-era stimulus.
Chinese technology stocks listed in the US extended their rebound on bets that the worst of Beijing’s regulatory crackdown may be over.
Separately,…
